Salary as well as commission income
This query is : Resolved
30 July 2012
A person has earned salary as well as commission and interest income during the previous year and he is maintaining single bank a/c in which salary is also deposited. So Can we show salary income in credit side of profit and loss a/c while filing his return as Bank balance in balance sheet had already included salary receipts ??
30 July 2012
Income from salary shall be shown as addition to Capital A/c.
In the profit loss A/c only business income and expenses shall be shown.
In the profit loss A/c only business income and expenses shall be shown.
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